Merchant Cash Advance

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Use a Merchant Cash Advance for Anything Your Business Needs

Securing financing for your business is relatively easy but depending on the type of loan you apply for, it may also mean you can only spend the money on certain things. If you need capital that you can use for a wide range of business expenses, consider a merchant cash advance. Qualified business owners can receive up to $200,000 from Parkshore Capital.

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How the Cash Advance Works

Merchant cash advances are loans taken out against your merchant accounts. You may qualify if you accept credit card payments from:

·       American Express

·       Discover

·       MasterCard

·       Visa

·       Other qualified cards

Many business owners prefer this method over a traditional loan because there are no fixed payments. Instead of paying back a certain amount per month regardless of how much your business profited, you pay back a percentage of every credit card sale. For example, if you pay 10 percent back on every credit card purchase and make a $2,000 sale, you’d receive $1,800 and your lender would receive $200.

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Advantages of a Cash Advance

A cash advance has several other benefits. In addition to using the money for any business expense you’d like, there is no application fee, no loss of equity and no closing cost or collateral required. Unlike traditional loans, cash advances require minimal paperwork so you’ll receive your funds quickly.

The financial experts at Parkshore Capital are ready to help you get the capital you need to build your business. Contact us to find out if you qualify.